Dan Frey Home Loans
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Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · FHA
Assumable Loan + Second
Assumable · FHA
Current Market Conventional
New · Conventional
Loan amount$10,218$10,218$121,500
Remaining term (yrs)22.422.430.0
Secondary amount$0$111,282$0
Funding fee$0$0$0
Note rate4.550%4.550%7.400%
Blended rate5.400%7.781%7.640%
1st payment$60.40$60.40$841.24
2nd payment$0.00$741.88$0.00
Taxes / mo$31.37$31.37$31.37
Insurance / mo$150.00$150.00$150.00
MI / mo$8.39$8.39$24.30
HOA / mo$0.00$0.00$0.00
Total monthly$250.16$992.05$1,046.91
Cash to close$124,782$13,500$13,500